Aircraft Decorative Laminates Market Report
Aircraft Decorative Laminates Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2022-2027 See less
Aircraft Decorative Laminates Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2022-2027
Aircraft Decorative Laminates Market is Segmented by Aircraft Type (Narrow-Body Aircraft, Wide-Body Aircraft, Regional Aircraft, and General Aviation), by Application Type (Interior Panels, Overhead Stowage Bins, Seats, Galleys, and Others), by Laminate Type (Film Laminate and Reinforced Laminate), by End-User Type (OE and Aftermarket), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Aircraft Decorative Laminates Market is Segmented by Aircraft Type (Narrow-Body Aircraft, Wide-Body Aircraft, Regional Aircraft, and General Aviation), by Application Type (Interior Panels, Overhead Stowage Bins, Seats, Galleys, and Others), by...
The evolution of decorative laminates in the aviation industry started when the aircraft cabin fire safety standard was implemented. This led to significant research in the areas related to finding cost-effective solutions that ensure the materials used in cabin interiors comply with new standards. The constant focus of airlines and aircraft OEMs to increase the profit margins along with the implementation of stringent fire, smoke, and toxicity (FST) standards has paved the path to the development of decorative laminates. The deployment of decorative laminates in cabin interiors not only minimizes the probability of replacing the big-ticket interior parts but also eliminates the paint-preparation activities on the parts where paints are applied. The aircraft industry has been experiencing various transformations with the key emerging areas are increasing penetration of composite materials in aircraft cabin interior applications, and development of smart cabin interior solutions, which are likely to create ample innovations in the market. There is an increasing demand for custom-designed, flexible, lightweight, and stain-resistant decorative laminates for aircraft, and most of the companies in the market are addressing these requirements.
The aircraft industry was enjoying its 16 years of boon in the market with exceptional growth in air-passenger traffic leading to huge growth in aircraft fleets and deliveries across the world. In 2019, the aircraft industry was hit mainly due to the grounding of B737MAX denting the market, particularly in the North American market. Then, the sudden outburst of the pandemic thrashed the aircraft industry in 2020. With bans on air travel and low passenger demand, forcing airlines to ground a huge chunk of their aircraft fleet. Delays in aircraft deliveries, a temporary halt in assembly plants of major aircraft OEMs, and a temporary slash in production rates of the key aircraft programs were the major factors that led to a huge decline in the industry.
Aircraft Decorative Laminates, a sizeable market, could not escape from such trends and witnessed a massive decline (-40%+ in 2020) amid the pandemic. However, the market has gradually started to rebound from the year 2021 with the re-entry of B737 Max and relaxation on the ban on air travel. Recovery in aircraft deliveries and RPKs with improving air passenger traffic are collectively helping the market to rapidly regain its pre-pandemic level. With several factors including rising aircraft fleet size to support the expected rise demand for air travel, a large number of projected aircraft deliveries, market entry of new aircraft OEMs, such as Irkut and COMAC; taking the aircraft decorative laminates market to rebound at a propitious CAGR of 9.9% during 2022-2027, to reach US$ 315.7 Million in 2027.
Based on the aircraft type, the aircraft decorative laminates market is segmented as narrow-body aircraft, wide-body aircraft, regional aircraft, and general aviation. Despite being largely affected by the pandemic, narrow-body aircraft are expected to remain the biggest demand generator for decorative laminates among all aircraft types during the forecast period. An expected increase in production rates of key aircraft programs, such as A320 family and A220; re-entry of B737Max; and introduction of variants of existing and upcoming aircraft programs, such as A321XLR, Irkut MC-21, and COMAC C919, are likely to create a strong demand for decorative laminates in the narrow-body aircraft segment over the next five years.
Based on the application type, the market is segmented as interior panels, overhead stowage bins, seats, galleys, and others. Interior panels are is expected to remain the dominant application type in the market during the forecast period, owing to the larger surface area of sidewall panels and ceiling panels. Moreover, seating application is likely to grow at the fastest rate in the coming years on account of the development of advanced, lightweight, and compact seats and the growing trend of installing premium economy-class seats and smart cabin seats.
Based on the laminate type, the market is segmented as film laminate and reinforced laminate. Film laminate is estimated to capture the major share of the market along with higher growth during the forecast period owing to its suitability for application in complex 3D shapes of aircraft interior structures. It offers superior formability which provides the ability to be bent and apply it over to any complex curves. In addition, they are also cheaper than reinforced laminates.
Based on the end-user type, the market is segmented as OE and aftermarket. Aftermarket is estimated to remain larger as well as a faster-growing segment during the forecast period on account of the presence of a large number of airlines across the world, which are generating robust demand for the replacement of cabin interior components.
In terms of regions, North America is expected to remain the largest market for aircraft decorative laminates during the forecast period. This region has a presence of several large- to small-sized aircraft OEMs, a large number of aircraft assembly plants, tier players, decorative laminates manufacturers, distributors, and raw material suppliers. Moreover, Asia-Pacific is likely to exhibit the highest growth in the coming years owing to the projected huge growth in air passenger traffic, emergence of new commercial aircraft OEM (COMAC), and opening of new assembly plants of Boeing and Airbus in the region.
The following are the key players in the aircraft decorative laminates market. Most of the major players are providing decorative laminates to other industries too.
The development of high-performance aircraft decorative laminates, expansion in untapped and growing markets, and the execution of mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market.
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aircraft decorative laminates market realities and future market possibilities for the forecast period of 2022 to 2027. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 20 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
The aircraft decorative laminates market is segmented into the following categories.
Aircraft Decorative Laminates Market, by Aircraft Type
Aircraft Decorative Laminates Market, by Application Type
Aircraft Decorative Laminates Market, by Laminate Type
Aircraft Decorative Laminates Market, by End-User Type
Aircraft Decorative Laminates Market, by Region
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to firstname.lastname@example.org
The aircraft decorative laminates market is estimated to grow at a healthy CAGR of 9.9% over the next five years to reach US$ 315.7 Million in 2027.
DUNMORE Corporation, Schneller LLC., The Boeing Company, DuPont de Nemours, Inc., and Isovolta AG are the leading players in the aircraft decorative laminates market.
Interior panel is expected to remain the dominant application segment of the market during the forecast period of 2022-2027, owing to its large surface area.
North America is expected to be the largest aircraft decorative laminates market during the next five years.
Asia-pacific is expected to witness the highest growth in the aircraft decorative laminates market during the forecast period.
Narrow- and wide-body aircraft are expected to be the growth engine in the aircraft decorative laminates market in the coming years.
Why are We Class Apart?
No One Does Better in Aerospace Market Research Than Us
Largest Number of Premium Studies in Aerospace Industry
>60% of the First Buyers Come Back to Us
>95% Client Satisfaction Ratio, the Industry's Highest
Clients Across Aerospace Value Chain
Track the Latest Trends in Aerospace Industry
Know High Growth Opportunities